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920 N 1st
Alhambra, CA 91801

$5,059,000 USD

Apartments For Sale • 10,911 SF

Property Details

Property Type Apartments
Total Building Size 10,911 SF
Lot Size 0.34 AC
Building Class C
Year Built 1959
Zoning R3

0 Transit Score

76 Walk Score

                
                    Highlights
                
                                Not Subject to Local Rent Control – Higher Allowable Rent Increases
                            
                                Excellent Value-Add Opportunity – Current Rents Approximately 21% Below Market Rates
                            
                                Prime North Alhambra Location on Border of San Marino and South Pasadena
                            
                                Not on Seismic Retrofit List (Buyer to Verify)
                            
                                Attractive CAP Rate and GRM Compared to Similar Recent Sales
                            
                                Rental Market Boosted by Strong Barrier to Local Homeownership – Median Single-Family Home Value in Alhambra Exceeds $1,000,000

Property Flyers

920 N 1st St - Alhambra, CA - OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	8.8 mi
Airport	Drive	Walk	Distance
Bob Hope	29 min	-	19.7 mi
Long Beach (Daugherty Field)	35 min	-	23.5 mi
Los Angeles International	38 min	-	24.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Covered
Included in Rent:	Yes

Rick Raymundo 818-219-6146 Marcus and Millichap

920 N 1st Alhambra, CA 91801